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MLP ordinary income in wrong place on Form 8949? And is statement required?
During 2020 I bought and sold ALL units in a MLP (thus all short term). The K-1 Sales Schedule says to report column 7 "Gain Subject to Recapture as Ordinary Income" ($83) as a negative adjustment to column G (adjustments) of Form 8949. Using the TT K-1 interview, $83 was added to my adjusted partnership cost basis in column E on Form 8949 and column G is blank. When using TurboTax step-by-step should I have entered the $83 somewhere else besides the "Ordinary Gain" box on the "Enter Sale Information" screen? The numbers end up right, just not in the right places.
Also, the K-1 schedule says to attach a separate statement to the return, which means I cannot e-file. Has anyone e-filed a MLP sale before (maybe @nexchap)?
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‎April 4, 2021
8:18 AM